DJIA26518.49
LIVE52.95(0.20%)
NDX7642.88
LIVE7.48(0.10%)

Oil Holds Loss as U.S. Stockpiles, Demand Outlook Sap Sentiment


Tuesday, 16 April 2019 08:49 WIB

Minyak WTIPasokan Minyak


c_740_198_16777215_00_images_assets_Oil3_00il.jpeg

Oil held losses below $64 a barrel as concerns over rising American crude inventories and slowing growth in the world's biggest economy weighed on sentiment.

Futures in New York were little changed after dropping 0.8 percent on Monday. U.S. stockpiles, already at the highest since 2017, are set to rise for a fourth week, according to a Bloomberg survey before data due Wednesday. The S&P 500 Index of stocks halted three days of gains on Monday as disappointing bank earnings raised questions about the resilience of corporate America.

West Texas Intermediate for May delivery declined 4 cents to $63.36 a barrel on the New York Mercantile Exchange as of 9:27 a.m. in Singapore after rising as much as 0.3 percent earlier. The contract fell 49 cents to $63.40 on Monday.

Source: Bloomberg


RELATED NEWS

POPULAR NEWS

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.